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France’s competition watchdog has fined parcel delivery services, including units of Deutsche Post’s DHL, FedEx and TNT Express, a combined €672.3m ($740m) for colluding to increase fees.
Geodis, owned by French railway company SNCF, received the largest single penalty of €196.1m, while La Poste’s Chronopost was fined €99.2m and DHL’s French unit must pay €81.2m, France’s Autorite de la Concurrence said in a statement on its website.
The French competition authority said 20 companies and an industry group coordinated annual rate increases from 2004 ...
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